Nexara

Minister of Finance Ahmed Shide ordered a temporary suspension of accrued social welfare taxes imposed on importers, citing delays and implementation difficulties since the enforcement of the regulation. He sent a letter to the Customs Commission three weeks ago, signifying a decision pending further investigation into the hurdles faced by importers. The social welfare tax, …

Ministry Suspends Tailled-Up Social Welfare Taxes Read More »

Foreign Affairs State Minister for Political and Economic Diplomacy, Ambassador Mesganu Arga, earlier today met with a Chinese business delegation led by the Vice Chairman of the Department of International Relations of the China Council for the Promotion of International Trade (CCPIT), Zhang Shaogang. During the meeting, the State Minister briefed the business delegation on …

Chinese Delegation Expresses Readiness to Promote More Trade and Investment with Ethiopia Read More »

The Ethio-Djibouti Railway Board and Shareholders convened in the city of Djibouti to discuss the comprehensive Six-year Report and approve the 2024 Budget Plan. The objective of the meeting, according to the Ethiopian Embassy in Djibouti, was to promote regional integration and facilitate the development of bilateral engagements. The meeting was attended by an Ethiopian …

Ethio-Djibouti Railway Board, Shareholders Meeting Held Read More »

An Indian-based Nirvana processing Company is finalizing preparations to commence the Agro-food processing at Bahir Dar Industrial Park in Ethiopia with an investment capital of 5 million USD. The government of Ethiopia has been encouraging both domestic and foreign investors to engage in the manufacturing and agro-processing sector by expanding industrial parks across the nation …

Indian Firm Set to Start Agro-Processing with 5 Mil USD Investment Capital in Ethiopia Read More »

Ethiopian Embassy in Beijing held discussion with China Africa Economic and Trade working Committee which is arranging pre-investment tour for several Chinese companies that have shown interest to utilize investment opportunities in Ethiopia. A delegation to make a pre-investment visit to Ethiopia includes representatives of companies engaged in health, mining, energy and education sectors. As …

Chinese Mining, Energy Companies Preparing To Invest In Ethiopia Read More »

The Netherlands Development Cooperation (SNV) is eager to continue supporting the expansion of biogas development programs in Ethiopia, SNV Biogas Dissemination Scale-Up Programme team leader Carlos Bueso told ENA. The team leader noted that this technology is a priority for the Government of Ethiopia which has planned to install 160,000 biodigesters by 2030 with the …

Netherlands Dev’t Cooperation Keen to Continue Supporting Expansion of Biogas in Ethiopia  Read More »

Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in partnership with the German Agency for International Cooperation (GIZ) has unveiled a project tailored to capacitate some 1,000 private companies in the manufacturing industry. The beneficiary companies are operating in Oromia, Amhara, and Sidama regions. The project is said to enhance the capacity of the council …

ECCSA, GIZ Unveil A Project To Back Private Companies In The Manufacturing Industry Read More »

China has announced that it will become the first country to have over 4 million domestic patents by the end of 2023. This follows an annual increase of 22% and 4%, making it the first country in the world to have achieved this, according to the country’s National Intellectual Property Administration. The deputy head of …

China has become the first country to have over 4 million domestic patents by the end of 2023. Read More »

Huawei Ethiopia, in collaboration with Ethio Telecom and the Ministry of Urban and Infrastructure, held a summit that focused on broadband development, Fiber to the Home, Huawei Ethiopia said in a press statement sent to FBC. Mr. Fenta Dejen, the Minister of State for Urban and Infrastructure, acknowledges a global transformation driven by advanced technologies …

Ethio Telecom-Huawei Broadband Dev’t Summit Held Read More »

Industrial Parks Development Corporation (IPDC), has signed an agreement with 11 local and foreign companies that have shown interest in investing in industrial parks across Ethiopia. CEO of the IPDC, Aklilu Tadesse, has signed the agreement with representatives of the respected companies. According to the agreement, the companies will engage in production activities in parks …

Industrial Parks Dev’t Corporation Inks Agreement With 11 Local And Foreign Companies Read More »